Do I Qualify?

You’ll typically need the following to be eligible:

680+ FICO score for all primary business owners
Check your score for free here.

Down payment of 10 % or more if you’re using the loan proceeds to purchase a business or real estate.

Collateral
The loan doesn’t need to be 100 % collateralized, but it will be easier to get the loan the more business and/or personal collateral you bring to the table.

2 years + in business
Startups can get SBA 7a loans, but it is more difficult. If you want to try for an SBA loan as a startup, you’ll need to have all of the above plus business management or industry level experience.

Business is profitable